Guideline Value for Sindalamman Koil Street

Sindalamman Koil Street guideline value

The current guideline value of Sindalamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sindalamman Koil Street has changed

The guideline value of Sindalamman Koil Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 184 per sq.ft. In 2003, it increased to Rs 208 per sq.ft, marking a 13% rise. The value further rose to Rs 360 per sq.ft in 2007, a significant increase of 73%. By 2017, the guideline value reached Rs 1,206 per sq.ft, reflecting a remarkable 235% growth. The 2023 revision set the value at Rs 1,800 per sq.ft, which was a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, a 10% increase from 2023. The register has no figure for this street in 2012.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sindalamman Koil Street's 2024 figure below that median.

• Sindalamman Koil 1st Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Singal Office Salai / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Singal Office West Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Sigamani Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Sigamani Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Shongvel Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sindalamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, amounts to Rs 1,38,600, and the registration fee at 2% is Rs 39,600. Together, these fees total Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sindalamman Koil Street?

The Sub Registrar Office that covers Sindalamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pammal

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the buyer and seller must ensure that the transaction is registered at the Pammal SRO, where the guideline value will be referenced to calculate the applicable fees. This ensures that all transactions are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Sindalamman Koil Street?

The current guideline value of Sindalamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, with various revisions in between, including a 10% increase from 2023 to 2024.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Sindalamman Koil Street.

What are the registration fees for property transactions in Sindalamman Koil Street?

The registration fees for property transactions include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Pammal?

The Pammal Sub Registrar Office handles property registrations in Pammal, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.